2. Understanding Value
The "Understanding Value" component of the Legacy Lab toolkit is an essential resource, inviting you to adopt the perspective of an investor, providing a fresh lens through which to view your business. Delve into the crucial distinction between driving income and driving value, gaining insights that transcend financial metrics. This component empowers you to navigate various valuation methods and approaches, including a deep dive into financial aspects like EBIDTA and industry-specific multiples.
Notably, this phase guides you in identifying gaps across key areas – Financials, Marketing, IT, and Culture – offering a holistic view for strategic decision-making. Whether you are contemplating growth or succession, this component will equip you with the knowledge and tools needed to maximize the value and potential of your business.